AMAC - EU reports decline in imports and exports from China in 2024

Eurostat, the statistical office of the European Union, announced that in 2024, the EU exported goods worth 213.3 billion euros to China and imported goods worth 517.8 billion euros, resulting in a trade deficit of 304.5 billion euros.

According to Amac News: Based on the statistics, EU imports and exports from China in 2024 decreased slightly by 0.5% and 4.5%, respectively, compared to 2023.
Between 2014 and 2024, EU imports from China grew by 101.9% and exports by 47.0%.
China was the EU's largest trading partner in terms of imports (21.3% of total extra-EU imports) and the third largest partner in terms of exports (8.3% of total extra-EU exports).
In 2024, the most important imported products from China were electrical machinery, electrical appliances and parts worth €96.8 billion; telecommunications and audio equipment worth €60.9 billion; and office machinery and data processing machines, such as personal computers and servers, worth €45.9 billion, classified according to the Standard International Trade Classification (SITC) divisions. These three categories alone accounted for 39.3% of total imports from China.